Jing Ji Guan Cha Wang·2026-02-12 01:48Core Viewpoint - The stock price of China Petroleum & Chemical Corporation (Sinopec) has shown resilience but has not reached historical highs, with recent trading activity reflecting mixed performance in both Hong Kong and A-shares markets [1][2]. Group 1: Stock Price Movement - On February 12, 2026, Sinopec's Hong Kong stock opened at HKD 5.51, peaked at HKD 5.56, and closed at HKD 5.55, marking a 0.73% increase [1]. - Conversely, the A-share price slightly declined by 0.15%, closing at CNY 6.53 [1]. Group 2: Reasons for Stock Price Fluctuation - Strong performance driven by capital support, with net inflow of HKD 82.95 million from the Hong Kong Stock Connect on February 11, indicating sustained institutional investment [2]. - Industry recovery is noted as international oil prices exhibited volatility influenced by geopolitical factors and demand expectations, benefiting the oil and petrochemical sector [2]. - Improvement in fundamentals is highlighted by FMR LLC's acquisition of 21.646 million shares at HKD 5.2836 per share, reflecting international capital's recognition of the company's long-term value [2]. - Sinopec's phenol products have entered the international market for the first time, expanding business growth opportunities [2]. - Technical indicators show that the stock price has surpassed all major moving averages, with the MACD indicator maintaining a bullish crossover, suggesting a strong short-term technical outlook [2]. Group 3: Company Fundamentals - It is important to note that the company's net profit for Q3 2025 decreased by 28.92% year-on-year, indicating ongoing pressure on fundamentals [3]. - The current TTM price-to-earnings ratio stands at 17.07, which is above the historical valuation mean, necessitating attention to the alignment between performance and valuation [3].